Allegheny files for exclusion from tariffs for JV formed with China-based company [MarketWatch]
ATI Inc. (ATI)
Last ati inc. earnings: 2/4 07:30 am
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Source: MarketWatch
Allegheny files for exclusion from tariffs for JV formed with China-based company Allegheny Technologies Inc. ATI, -0.53% the Pittsburgh-based maker of materials and components for the aerospace and defense industry, said it filed for an exclusion from steel tariffs on behalf of its recently formed joint venture with China-based Tsingshan Holding. Allegheny said the Allegheny & Tsingshan Stainless JV imports stainless slap products from Indonesia which are currently subject to 25% tariffs . "This innovative JV is a great example of a capital efficient, globally competitive supply chain--one that leverages ATI's world class Hot Rolling and Processing Facility (HRPF) located in Brackenridge, Penn., the JV's Direct Roll Anneal and Pickle (DRAP) Facility in Midland, Penn. and Tsingshan's extensive Indonesian resources and capabilities," said ATI Chief Executive Rich Harshman. ATI's stock was little changed in morning trade. It has lost 3.9% over the past three months, while the S&P 500
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ATI
Earnings
- 2/1/24 - Beat
ATI
Sec Filings
- 4/15/24 - Form 144
- 4/12/24 - Form 144
- 3/28/24 - Form ARS
- ATI's page on the SEC website